EUR/INR may fall to 89.761 - 90.548

93.354 is our pivot point.

Our preference

The downside prevails as long as 93.354 is resistance.

Alternative scenario

The upside breakout of 93.354, would call for 94.679 and 95.468.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 92.928 and 92.678).

Supports and resistances

95.468 **

94.679 *

93.354 **

92.833

92.305 last

90.548

89.761 **

88.973 *

88.186 **

Number of asterisks represents the strength of support and resistance levels.